Category: Aviation
Iranian Taban Air charter arrives in Sri Lanka
Mar 29, 2016 (LBO) – A Taban Air charter carrying 180 passengers traveling from Iran touched down in Sri Lanka earlier this month, Aitken Spence Travels said. The charter during the annual Norouz festival was greeted with a water cannon on its flight to Colombo following a lapse of 5 years. The arrival marks the […]
Airport to expand capacity with Terminal 2: JICA
Mar 28, 2016 (LBO) – A concessionary loan agreement for JPY 45,428 million (56 billion rupees) was signed last week between the Airport and Aviation Services Limited and Japan International Cooperation Agency (JICA) for the construction of a new multi-level terminal building (Terminal 2), a statement said. After completion of the project in 2020, the […]
SriLankan apprehends 230 persons with false travel documents in 2015
Mar 16, 2016 (LBO) – SriLankan Airlines has apprehended 230 persons with false travel documents last year in a bid to crack down on illicit travel through Bandaranaike International Airport (BIA). International law authorizes airlines to ensure that passengers travelling between countries do so with all authentic documentation, as required by the airline industry’s global […]
Sri Lanka bought planes instead of building houses: PM
Mar 10, 2016 (LBO) – Sri Lanka’s Prime Minister said on Thursday the nation is plagued with incompetencies of the former regime and the homeless could have been housed with the funds mishandled. “If they (the former government) did not buy those eight planes then we could have built houses for the people,” Premier Ranil […]
Interview: Sri Lanka’s national carrier eyes turnaround
Mar 02, 2016 (LBO) – SriLankan Airlines is poised for a shift in strategy, ranging from privatisation to network restructuring, in a bid to achieve sustained profitability, Ajith Dias, chairman of SriLankan Airlines told the Oxford Business Group. SriLankan Airlines has been faced with an increasingly difficult operating environment as rising competition, tighter margins and […]
Sri Lanka’s hills to get new domestic airport
Feb 17, 2016 (LBO) – Sri Lanka’s Ministry of Transport and Civil Aviation said that a new domestic airport to land light aircraft’s will be constructed in Haputale, in the the island’s central hill country. “It will be for the purpose of landing light aircraft under the programme of promoting the internal airport network,” the […]
Aitken Spence records Rs. 1.1bn as PBT in third quarter
Leading conglomerate Aitken Spence PLC posted its interim results to the Colombo Stock Exchange (CSE) released on Friday. The blue-chip’s financial results for the quarter ended 31st December 2015 saw profit-before-tax decrease by 25.3 per cent to Rs. 1.1 bn while profit attributable to equity holders decreased by 26.7 per cent to Rs. 637 mn. […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
New passenger terminal at Bandaranaike Airport with JICA funding
Jan 28, 2016 (LBO) – The cabinet has decided to enter into a loan agreement with the Japan International Cooperation Agency to obtain funds to build a passenger terminal at Bandaranaike International Airport. The proposed passenger terminal with 180,000 square meters has a higher level access way to the terminal in addition to the provision […]
Emirates to increase daily flights to Colombo
Jan 27, 2016 (LBO) – Emirates, a Middle-Eastern airline, said that they would be adding an additional daily flight to Sri Lanka between Dubai and Colombo. The new flight will be effective from 1 August 2016. Emirates will operate five daily flights between Dubai and Colombo every day except Wednesdays when it will operate four […]
Interview: Aircraft purchases add to Sri Lanka financial burden, says Eran
Jan 21, 2015 (LBO) – Aircraft purchases by Sri Lanka’s previous government, which do not make business sense, have added to the financial burden of the state sector, Eran Wickramaratne, deputy minister of Public Enterprise Development, told Lanka Business Online. Eight aircraft have been contracted for purchase over the next few years, with two likely […]
SriLankan operates special Bangkok-Colombo flight following cancellation
Dec 23, 2015 (LBO) – SriLankan Airlines has made arrangements for 32 passengers with onward connections in Colombo to travel on flights of other airlines after an aircraft engine cowling was damaged on the ground at Bangkok’s Suvarnabhumi Airport, resulting in the Bangkok-Colombo Flight UL883 being cancelled. The incident has taken place when a baggage cart operated by […]